VERDONCO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VERDONCO
Largest movements
- Tangible fixed assets -€72,629
down €72,629 (-4.5%), from €1.6m to €1.5m
of which Land and buildings: -€65,854
- Cash +€25,471
up €25,471 (+24.8%), from €102,513 to €127,984
mainly Depreciation (+€74,144) and Accrued charges and deferred income (+€250)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€23,448
up €23,448 (+45.3%), from €51,709 to €75,156
- Other operating charges -€17,797
down €17,797 (-71.4%), from €24,912 to €7,115
- Financial charges +€2,855
up €2,855 (+2,335%), from €122 to €2,977
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,714,126 | €1,687,702 | -€26,424 | -1.5% |
| Fixed assets | 21/28 | €1,608,150 | €1,535,521 | -€72,629 | -4.5% |
| Tangible fixed assets | 22/27 | €1,608,150 | €1,535,521 | -€72,629 | -4.5% |
| Land and buildings | 22 | €1,576,443 | €1,510,590 | -€65,854 | -4.2% |
| Plant, machinery and equipment | 23 | €2,212 | €1,253 | -€960 | -43.4% |
| Furniture and vehicles | 24 | €29,494 | €23,679 | -€5,815 | -19.7% |
| Current assets | 29/58 | €105,976 | €152,181 | +€46,205 | +43.6% |
| Amounts receivable within one year | 40/41 | €3,463 | €18,452 | +€14,989 | +433% |
| Trade receivables | 40 | €3,463 | €18,452 | +€14,989 | +433% |
| Cash at bank and in hand | 54/58 | €102,513 | €127,984 | +€25,471 | +24.8% |
| Deferred charges and accrued income | 490/1 | €0 | €5,744 | +€5,744 | |
| Total equity and liabilities | 10/49 | €1,714,126 | €1,687,702 | -€26,424 | -1.5% |
| Equity | 10/15 | €785,469 | €775,972 | -€9,496 | -1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €766,919 | €766,919 | = | 0.0% |
| Distributable reserves | 133 | €766,919 | €766,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,496 | -€9,496 | |
| Amounts payable | 17/49 | €928,657 | €911,729 | -€16,928 | -1.8% |
| Amounts payable after more than one year | 17 | €825,258 | €813,825 | -€11,433 | -1.4% |
| Financial debts | 170/4 | €370,000 | €370,000 | = | 0.0% |
| Other amounts payable | 178/9 | €455,258 | €443,825 | -€11,433 | -2.5% |
| Amounts payable within one year | 42/48 | €9,156 | €3,411 | -€5,745 | -62.7% |
| Trade debts | 44 | €1,676 | €1,586 | -€90 | -5.4% |
| Suppliers | 440/4 | €1,676 | €1,586 | -€90 | -5.4% |
| Taxes, remuneration and social security | 45 | €7,480 | €1,826 | -€5,654 | -75.6% |
| Taxes | 450/3 | €7,480 | €1,826 | -€5,654 | -75.6% |
| Accrued charges and deferred income | 492/3 | €94,243 | €94,493 | +€250 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,441 | €74,144 | -€296 | -0.4% |
| Other operating charges | 640/8 | €24,912 | €7,115 | -€17,797 | -71.4% |
| Gross operating margin | 9900 | €51,709 | €75,156 | +€23,448 | +45.3% |
| Operating profit (loss) | 9901 | -€47,644 | -€6,103 | +€41,541 | +87.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.9% |
| Financial charges | 65/66B | €122 | €2,977 | +€2,855 | +2,335% |
| Recurring financial charges | 65 | €122 | €2,977 | +€2,855 | +2,335% |
| Profit (loss) for the period before taxes | 9903 | -€47,765 | -€9,080 | +€38,686 | +81.0% |
| Income taxes | 67/77 | €666 | €417 | -€249 | -37.4% |
| Profit (loss) for the period | 9904 | -€48,431 | -€9,496 | +€38,935 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,431 | -€9,496 | +€38,935 | +80.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.